12 Information Technology Stocks Moving In Wednesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's after-market session, several information technology stocks showed significant movement. Brand Engagement Network, Castellum, My Size, Wetouch Technology, FormFactor, and Kopin were among the gainers, with notable increases in their stock prices. On the other hand, Fastly, Freshworks, Everspin Technologies, Qorvo, Kulicke & Soffa Industries, and Aviat Networks experienced declines, largely attributed to their latest earnings reports.
May 01, 2024 | 8:31 pm
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NEGATIVE IMPACT
Freshworks shares decreased by 20.28% to $14.55, with a market value of $4.3 billion, after their Q1 earnings.
Freshworks' significant stock price drop following their Q1 earnings report indicates a negative market reaction, likely affecting short-term stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Fastly's shares decreased by 27.8% to $9.34, with a market value of $1.2 billion, following their Q1 earnings report.
The sharp decline in Fastly's stock price post-earnings suggests the market reacted negatively to their Q1 financial performance, indicating potential short-term bearish sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Brand Engagement Network's stock rose 23.2% to $2.6, with a market value of $86.6 million.
The significant rise in BNAI's stock price could indicate positive investor sentiment or reaction to company-specific news, likely leading to short-term upward momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Castellum's shares moved upwards by 7.95% to $0.27, with a market value of $14.3 million.
Castellum's upward movement suggests a favorable market response, potentially due to recent company developments or broader sector trends.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80